Debt Payoff Calculator

Find out how long it takes to pay off a credit card or loan and how much interest you will pay.

How this calculator works

Each month interest is added to your balance and your payment is subtracted. The calculator finds how many months this takes until the balance reaches zero.

FAQ

What if my payment is too low?

If your payment is not higher than the monthly interest, the balance never goes down. Increase the payment.

Does paying extra help?

Yes. Even a small extra payment each month cuts the time and the interest.